Qihoo Enters Into Agreement for Going-Private Transaction

December 18, 2015

Skadden is acting as U.S. legal counsel to the special committee of the board of directors of Qihoo 360 Technology Co. Ltd. in an investor consortium's all-cash acquisition of the company for approximately $9.3 billion, making it China's largest going-private transaction for a U.S.-listed company. Qihoo announced on December 18 that it had entered into the merger agreement.